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The CEOs of Detroit's Big Three automakers left Capitol Hill today with bleak prospects of getting $25 billion in emergency loans, Bloomberg reports. Negotiations continue, especially among lawmakers of automotive states, but Republicans and Democrats are deadlocked over where any such aid should come from. Senate leader Harry Reid canceled a vote on the issue scheduled for tomorrow.

The leaders of GM, Chrysler, and Ford testified before a House panel, one day after doing so in the Senate. Again, they met a chorus of criticism. Democrats hope to carve out $25 billion from the $700 billion rescue plan, but Republicans and the White House are opposed. They want to retool $25 billion in previously approved loans. With the lame-duck session set to wrap up in days, the chances of doling out any aid looks slim.

hey friends, on second thought, maybe a moderate bailout isnt that worst that could happen. It could soften the landing ten-fold while also basically making the kings of auto industry slaves to the Obama administration. All Obama then has to do is snap his fingers, and we've got a brand new, green auto-industry! This is all working out to plan so far for Obama!

Glodson

Nov 19, 2008 9:49 PM CST

I am awife of the GM automaker! My husband has given 29 years..Has the White House forgotten what GM has done for this country?? How much charity given, 911!! how they gave lots of money to the cause...they invest in sending peopke to college...help with the less fortunare?????? Romney says let Detroit fall? How about..lets got after the FAT CATS of wallstreet and prosecute??? orrrrrrrr all the money Bush took and put into the war...orrrrrrrr Govenor Granholm taking a trip to japan at this time of need using our taxpayer money to find jibs?? there are no jibs, they are all over seas. THey talk about Toyota? well the reason they have money bankrolled is....they are not paying pensions to retirees..they have not been here that long. Shame on our Congress and President for passing the buck, not supporting the automakers and letting americans down. the way i see it the president has done the damage , now he riding on tailcoats, passing the buck till he is out of office in January. Say what you want..Obama will come back with a vengence so hold on republicans!!!!! Shame on you!!!!!!!!!